Originally posted by Sockpuppet
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Unfortunately the debt is theirs!The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.” -
I find it staggering the number of people, even those going into BTL that don't understand yields and ROI.Comment
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that's because Bob, things are different these days, it's like the .Com times you don't need to worry about silly little things like yields and ROI, that's old world, these days, house prices simply rise astronomically and that my friend is all you need to know
people like you Bob are sooooooooooooo not getting the point
all aboard the btl gravy train
btl and .Net what a combination !
Milan.
p.s. do your own research house prices can rise as well as fall and your home may be at risk if you cannot keep up payments on itComment
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She's currently saying 'sell now sell now sell now' !Originally posted by zeitghostComment
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It was an interview in the Evening Standard a few weeks back. I think she has STRed ( Sell To Rent ) and is predicting a sizeable correction if the reports are correct.Originally posted by zeitghostI haven't watched this week's ep yet....
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Not always true. Going back to the mid 90s, the banks got nervous about negative equity and started pressing for increased repayments to bring it down.Originally posted by Ardesco
Several folks I knew did this by drawing extra funds from their businesses.
Double whammy, as the tax man saw that as income and wanted the tax on it.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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On last wek's episode she is still suggesting to buy since there are quite a few 'bargains'Originally posted by rootsnallComment
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excuse me for asking a daft question, how long ago was last week's program made ?
Milan.Comment
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The point that I am trying to make is that if you can afford to keep up the repayments in the long run you will be OK (Long run as in 20+ years). Also if you are going to do a BTL I would make sure you have as long a term fixed price as you can get, this is why i went for a 5 year fixed rate. I know in the next 4 and a bit years my repayments are not going to change, so hopefully we will see crash next year and it will recover a bit in 4 and i'll be able to get another decent fixed rate for the next 5Originally posted by Sysman
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Ardesco I agree,
it's the same for the negative equity in shares, in 2002 they all dived, lots of people cashed out at a loss, most of those who held have now seen the prices rise above what they were before, sweeping generalisation I know but if you can afford to hold in the long term you will be ok
the worst thing will be if a crash leads to a slowing in the economy and job losses then those who have over extended themselves and finding work drying up might not be able to service their commitments
there's a very simply rule which helps avoid such scenarios, it goes something like, if you don't have the money it means you can't afford it !
Milan.Comment
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